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RealEstateRama News
Number of Real Estate Teams is Growing, NAR Survey Finds
Teams are becoming more common in the real estate industry as an increasing number of Realtors®, members of the National Association of Realtors®, consider themselves a member of a real estate team, according to a new survey by NAR.
MBA’s Future Leaders Program Graduates 72 Residential and Commercial/Multifamily Real Estate Finance Professionals
The Mortgage Bankers Association (MBA) today recognized a total of 72 mortgage professionals -- 36 from the residential market segment and 36 from the commercial/multifamily market segment -- in a graduation ceremony for MBA's Future Leaders Program
GRAND OPENING OF NATALIE GUBB COMMONS BRINGS 190 AFFORDABLE HOMES TO SAN FRANCISCO’S TRANSBAY...
Mercy Housing and Mayor London Breed celebrated the opening of 190 affordable family apartments in Natalie Gubb Commons. The affordable homes were developed as part of the Transbay Redevelopment Project Area, spearheaded by the Office of Community Investment and Infrastructure (OCII).
New Report on Preservation & Neighborhood Opportunity in the Low-Income Housing Tax Credit Program
The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation (PAHRC), both leaders in affordable housing research, released a new report today, Balancing Priorities: Preservation and Neighborhood Opportunity in the Low-Income Housing Tax Credit Program Beyond Year 30.
Public Interest Groups Applaud FHFA Move to Expand Resources for LEP Borrowers
Today, a group of civil rights and consumer advocacy organizations, including Americans for Financial Reform Education Fund, the Center for Responsible Lending, Connecticut Fair Housing Center, Consumer Action, Empire Justice Center, National CAPACD, National Consumer Law Center, National Fair Housing Alliance, and UnidosUS, convened by the Americans for Financial Reform (AFR) Language Access Task Force, applauded the Federal Housing Finance Agency (FHFA) for launching
National Housing Conference says HUD fair housing assessment tool should be reinstated
NHC has called on HUD to reinstate its Assessment Tool and continue requiring communities to submit Assessments of Fair Housing (AFH) over its outdated and inefficient predecessor. HUD ended the new approach earlier this year. The request was made in comments submitted by NHC to HUD’s Affirmatively Furthering Fair Housing (AFFH): Streamlining and Enhancements advanced notice of proposed rulemaking
Multifamily Decline Pushes Overall Housing Starts Down in September
Led by a drop in multifamily production, total housing starts fell 5.3 percent in September to a seasonally adjusted annual rate of 1.2 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department
Ginnie Mae’s Mortgage-Backed Securities Portfolio Tops $2 Trillion, Providing More Americans the Opportunity for...
Ginnie Mae’s mortgage-backed securities (MBS) portfolio has reached $2.008 trillion in unpaid principal balance, the federal guarantor announced today. That’s up from $1 trillion just eight years ago
MBA Opens Doors Foundation Announces 2018 Award Winners
The Mortgage Bankers Association (MBA) today announced the recipients of the MBA Opens Doors Foundation (Opens Doors) annual awards, which recognize those who have made lasting contributions to advance the Foundation's mission of providing mortgage and rental assistance grants to parents and guardians caring for a critically ill or injured child
MBA Forecast: Purchase Originations to Increase to $1.2 Trillion in 2019
The Mortgage Bankers Association (MBA) announced today at its 2018 Annual Convention and Expo in Washington, D.C., that it expects to see $1.24 trillion in purchase mortgage originations in 2019 - a 4.2 percent increase from 2018. MBA anticipates refinance originations will continue to trend lower next year, decreasing by 12.4 percent to $395 billion.
Ohio Contractor Tom Martin Named SMACNA 2018 Contractor of the Year
Tom Martin, President of T.H. Martin Inc. in Cleveland, Ohio, received the annual SMACNA Contractor of the Year award at the Sheet Metal and Air Conditioning Contractors’ National Association’s 75th Annual Convention today.
Builder Confidence Rises One Point in October, Remains at Summer Levels
Builder confidence in the market for newly-built single-family homes rose one point to 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held in the high 60s since June
Realtors® Applaud Senate Passage of 2018 WRDA Bill
National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement after the Senate today voted to pass S. 3021, America’s Water Infrastructure Act of 2018.
September New Home Purchase Mortgage Applications Increased 8.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2018 shows mortgage applications for new home purchases increased 8.2 percent compared to September 2017. Compared to August 2018, applications decreased by 9 percent.
MISMO® Seeks Input on Standardized Dataset for Private Label Mortgage Assets
MISMO, the mortgage industry's standards organization, is seeking participants to define a standardized mortgage asset dataset to support rating agency asset valuation efforts necessary for securitizing residential mortgages.
Housing Developments in Houston, Chicago, Honolulu, Washington, D.C., and Haverhill, Massachusetts are Selected as...
Avenue Place/Avenue Terrace in Houston, Clybourn 1200 in Chicago, Keauhou Lane in Honolulu, Conway Center in Washington, D.C., and Harbor Place Residences in Haverhill, Massachusetts have been selected by the Urban Land Institute’s (ULI) Terwilliger Center for Housing as the winners of the 2018 Jack Kemp Excellence in Affordable and Workforce Housing Award.
Senate Passes Major Water Infrastructure Bill
U.S. Sen. Lisa Murkowski, R-Alaska, today released the following statement after the Senate passed, S. 3021, America’s Water Infrastructure Act of 2018, through a bipartisan vote of 99-1. The bill, which passed the House of Representatives by voice vote in September, now heads to the president’s desk.
Dallas/Fort Worth Back at #1 as Brooklyn, Orlando and Tampa Jump into the Top...
Talent and economic diversity are the leading themes running through this year’s top cities in the latest Emerging Trends in Real Estate® 2019, released today by PwC US and the Urban Land Institute (ULI). Dallas/Fort Worth is back in the #1 spot due to its young workforce and high business start-up activity, while Brooklyn (#2), Orlando (#4) and Tampa (#10) make the top 10 for the first time in the report’s 40-year history.
NYU Furman Center and Abt Associates Launch Tool to Tackle High Housing Costs
The NYU Furman Center and Abt Associates launched LocalHousingSolutions.org, an online, interactive tool to help communities develop local strategies that promote housing affordability. A growing number of communities across the country are struggling with problems tied to high housing costs, including rising homelessness, fear of displacement among longtime residents, and growing numbers of households unable to afford their rents or mortgages.
At NAREB CBC Forum, Housing Experts Say Legacy of Discriminatory Policies and Practices Fuel...
Decades of discriminatory lending practices and government policies have created barriers for African Americans seeking to become homeowners, according to leading housing experts participating in a forum today on fair housing, which was hosted by the National Association of Real Estate Brokers (NAREB) at the Congressional Black Caucus Foundation Legislative Conference.
